The value of ethereum, the crypto market’s second-largest asset by market cap, eclipsed the $3,000 milestone on Tuesday, peaking at $3,014 per unit in the morning trading hours. Over the last week, ether has seen a 13.1% climb against the U.S. dollar, and over the preceding two weeks, it has surged 28%. Ether Hits Two-Year […] Source CryptoX Portal
The price of ether, the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Monday, continuing a recent hot streak. Source
The annual report is based on a panel of over 2,100 adult respondents from all walks of life, notably a tiny sample size in a country of more than 26 million. Yet, the report provides a significant sense of how the nation views cryptocurrencies. For example, the report reveals that general awareness of cryptocurrency among Australians has reached a new high of 95%, up from 92% in 2022. Original
BlackRock, the world’s largest asset manager, has intensified its advertising efforts for its new spot Bitcoin exchange-traded fund (ETF), positioning the digital asset as a symbol of “progress.” The campaign for the IBIT fund adopts a notably understated style, especially when compared to the more flamboyant marketing strategies of its rivals. The advertisement features a simple design with a yellow background, showcasing a plane’s silhouette on a runway, accompanied by the message: “Get your share of progress.” BlackRock spot ETF advertisement | Source: X This approach has caught the attention…
Bitcoin (BTC) ended the week at approximately $52,150, showing a notable 7.9% increase from the previous week’s closing value of around $48,300. The week began with robust price growth, with BTC reaching its peak trading price of around $52,800 on Thursday, before stabilizing over the weekend within the $51,000 to $52,000 range and ultimately closing slightly above $52,000. Last week marked Bitcoin’s return to trading above $50,000 for the first time in over two years, signaling strong momentum following the approval of BTC ETFs Spot. The last time BTC traded…
Crypto asset manager Grayscale continues to see a slowdown in outflows from its Bitcoin (BTC) spot exchange-traded fund (ETF). In a Feb. 19 post on X, co-founder of ETF Institute Nate Geraci reported that the total outflow of funds from Grayscale’s GBTC since its conversion to a spot Bitcoin ETF has reached $7 billion. However, at the same time, the pace of asset outflows has slowed significantly, with Geraci noting that the “bleeding” may be close to stopping. GBTC has $7bil outflows in past 5 weeks… What a chart. Outflows…
Asset management firm BlackRock is stirring interest within the cryptocurrency community by hinting at the potential launch of an XRP-based exchange-traded fund (ETF). Although the firm hasn’t officially confirmed plans for an immediate spot XRP ETF filing, speculation has heightened following cryptic comments from BlackRock CEO Larry Fink and the company’s involvement in other cryptocurrency ETF proposals. The U.S. Securities and Exchange Commission’s (SEC) continued legal battle against Ripple, the company behind XRP, has raised doubts regarding the potential approval soon. In July 2023, a judge presiding over the SEC’s…
The U.S. Securities and Exchange Commission (SEC) has imposed a hefty $1.75 million civil penalty on prominent investment adviser Van Eck Associates Corporation. In a Feb. 16 statement, the SEC disclosed that during Van Eck’s 2021 launch of a new exchange-traded fund (ETF), the VanEck Social Sentiment ETF, the investment firm did not fully disclose the involvement of a well-known social media personality in the marketing of the product. SEC is making VanEck pay a $1.75m fine bc they didn’t disclose to fund board that “well-known and controversial” social media…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The news of the United States Securities and Exchange Commission approving the first regulated Bitcoin spot exchange-traded fund (ETF) on January 10 roared through the crypto industry like wildfire. This decision marks a significant milestone in the crypto industry’s maturity. The first application for this instrument was filed all the way back in 2013 and ultimately got rejected by the SEC. Over a decade later, it has…
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs). Source